KommuneKredit has today announced a new 5-year fixed rate note issue in USD. Together with the new offering of bonds KommuneKredit will be offering existing investors a buyback option in two bond issues maturing in January 2021 and June 2021 respectively.
The terms and conditions for the switch and tender offer is stated in the announcement to the Luxembourg Stock Exchange. Read the announcemen
Responsibility is an integrated part of KommuneKredit's business model. The association supports local development and growth by funding local investments in construction and infrastructure, including the green transition of the society. This is done on a nonprofit basis and on equal terms regardless of location.
The Danish municipalities and regions are in the process of planning and implement
SUMMARY
▪ Lending and leasing increased by DKK 8 billion to DKK 185 billion.
▪ Net interest income amounted to DKK 496 million in 2019 against DKK 441 million in 2018, which was in line withexpectations at the half year 2019.
▪ Pre-tax profit amounted to DKK 596 million partly due to positive value adjustments of DKK 227 million.
▪ Comprehensive income for the year amounted to DKK 441
Moody’s Investor Service has published their Update to Credit Opinion confirming KommuneKredit’s Aaa rating and stable outlook.
KommuneKredit expects to issue approximately DKK 30bn (EUR 4bn) of long-term funding with maturities above one year in 2020. The funding budget is in line with the funding volumes raised in 2019.
It is KommuneKredit’s strategy to strengthen our presence as a green and sustainable bond issuer. We have been issuing green bonds since 2017 and expect ample growth in our green loan portfoli
The Board of Directors has elected Birgit Aagaard-Svendsen as a new member of the Board of Directors commencing June 2020. Thus, the Board of Directors will consist of 10 members, of which 2 are independent.
Issue date: 19 November 2019 Maturity date: 21 November 2039 Amount: EUR 500 million Interest: 0.625% p.a.
Today KommuneKredit issued green bonds in the amount of EUR 500 million with a term to maturity of 20 years. It is the third time that the credit association issues green bonds. KommuneKredit has approved approx. DKK 20 billion in green loans to sustainable projects in Danish local communities. The bonds are purchased by investors from all over the world.
In September 2019, ISS ESG upgraded KommuneKredit’s ESG rating from D+ to C. This means that KommuneKredit now belongs to the ESG Prime category of companies (best-in-class approach) within its industry at ISS ESG.
KommuneKredit announces Interim Report 2019
On 20 August 2019, KommuneKredit launched a new 11-year EUR benchmark transaction. The mandate for the new issue was announced in the market on Monday 19 August in conjunction with a switch and tender offer in KommuneKredit’s EUR 1.25bn 0.25% bonds maturing in October 2020.
Rating agency Standard & Poor’s has today upgraded KommuneKredit’s long-term credit rating to AAA (outlook stable). Standard & Poor’s has maintained the short-term credit rating at the highest level, A-1+.